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Side-by-side financial comparison of AVIAT NETWORKS, INC. (AVNW) and BYLINE BANCORP, INC. (BY). Click either name above to swap in a different company.
BYLINE BANCORP, INC. is the larger business by last-quarter revenue ($112.4M vs $111.5M, roughly 1.0× AVIAT NETWORKS, INC.). BYLINE BANCORP, INC. runs the higher net margin — 33.4% vs 5.1%, a 28.3% gap on every dollar of revenue. On growth, BYLINE BANCORP, INC. posted the faster year-over-year revenue change (9.0% vs -5.7%). Over the past eight quarters, BYLINE BANCORP, INC.'s revenue compounded faster (6.4% CAGR vs 0.3%).
Aviat Networks, Inc. is a global provider of microwave transport and backhaul solutions, providing public and private operators with communications infrastructure to serve telecommunications operators and enterprise customers.
Byline Bank is a bank headquartered in Chicago, Illinois, United States. It is the primary subsidiary of Byline Bancorp, Inc., a bank holding company, and the 4th largest SBA 7(a) lender.
AVNW vs BY — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $111.5M | $112.4M |
| Net Profit | $5.7M | $37.6M |
| Gross Margin | 32.4% | — |
| Operating Margin | 6.5% | — |
| Net Margin | 5.1% | 33.4% |
| Revenue YoY | -5.7% | 9.0% |
| Net Profit YoY | 27.2% | 33.0% |
| EPS (diluted) | $0.44 | $0.83 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $112.4M | ||
| Q4 25 | $111.5M | $117.0M | ||
| Q3 25 | $107.3M | $115.7M | ||
| Q2 25 | $115.3M | $110.5M | ||
| Q1 25 | $112.6M | $103.1M | ||
| Q4 24 | $118.2M | $104.7M | ||
| Q3 24 | $88.4M | $101.8M | ||
| Q2 24 | $116.7M | $99.4M |
| Q1 26 | — | $37.6M | ||
| Q4 25 | $5.7M | $34.5M | ||
| Q3 25 | $162.0K | $37.2M | ||
| Q2 25 | $5.2M | $30.1M | ||
| Q1 25 | $3.5M | $28.2M | ||
| Q4 24 | $4.5M | $30.3M | ||
| Q3 24 | $-11.9M | $30.3M | ||
| Q2 24 | $1.5M | $29.7M |
| Q1 26 | — | — | ||
| Q4 25 | 32.4% | — | ||
| Q3 25 | 33.2% | — | ||
| Q2 25 | 34.2% | — | ||
| Q1 25 | 34.9% | — | ||
| Q4 24 | 34.6% | — | ||
| Q3 24 | 22.4% | — | ||
| Q2 24 | 35.3% | — |
| Q1 26 | — | — | ||
| Q4 25 | 6.5% | 40.1% | ||
| Q3 25 | 4.8% | 43.1% | ||
| Q2 25 | 7.7% | 35.2% | ||
| Q1 25 | 8.3% | 36.4% | ||
| Q4 24 | 6.7% | 38.6% | ||
| Q3 24 | -17.6% | 39.3% | ||
| Q2 24 | 4.7% | 40.4% |
| Q1 26 | — | 33.4% | ||
| Q4 25 | 5.1% | 34.1% | ||
| Q3 25 | 0.2% | 32.1% | ||
| Q2 25 | 4.5% | 27.2% | ||
| Q1 25 | 3.1% | 27.4% | ||
| Q4 24 | 3.8% | 34.3% | ||
| Q3 24 | -13.4% | 29.8% | ||
| Q2 24 | 1.3% | 29.9% |
| Q1 26 | — | $0.83 | ||
| Q4 25 | $0.44 | $0.77 | ||
| Q3 25 | $0.01 | $0.82 | ||
| Q2 25 | $0.42 | $0.66 | ||
| Q1 25 | $0.27 | $0.64 | ||
| Q4 24 | $0.35 | $0.68 | ||
| Q3 24 | $-0.94 | $0.69 | ||
| Q2 24 | $0.11 | $0.68 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $86.5M | $198.4M |
| Total DebtLower is stronger | $105.4M | — |
| Stockholders' EquityBook value | $271.6M | $1.3B |
| Total Assets | $659.4M | $9.9B |
| Debt / EquityLower = less leverage | 0.39× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $198.4M | ||
| Q4 25 | $86.5M | $149.1M | ||
| Q3 25 | $64.8M | $259.0M | ||
| Q2 25 | $59.7M | $218.3M | ||
| Q1 25 | $49.4M | $421.3M | ||
| Q4 24 | $52.6M | $563.1M | ||
| Q3 24 | $51.0M | $452.6M | ||
| Q2 24 | $64.6M | $730.5M |
| Q1 26 | — | — | ||
| Q4 25 | $105.4M | — | ||
| Q3 25 | $106.5M | — | ||
| Q2 25 | $87.6M | — | ||
| Q1 25 | $73.9M | — | ||
| Q4 24 | $74.9M | — | ||
| Q3 24 | $83.4M | — | ||
| Q2 24 | $48.4M | — |
| Q1 26 | — | $1.3B | ||
| Q4 25 | $271.6M | $1.3B | ||
| Q3 25 | $263.6M | $1.2B | ||
| Q2 25 | $263.2M | $1.2B | ||
| Q1 25 | $256.1M | $1.1B | ||
| Q4 24 | $249.6M | $1.1B | ||
| Q3 24 | $247.1M | $1.1B | ||
| Q2 24 | $255.9M | $1.0B |
| Q1 26 | — | $9.9B | ||
| Q4 25 | $659.4M | $9.7B | ||
| Q3 25 | $643.3M | $9.8B | ||
| Q2 25 | $633.3M | $9.7B | ||
| Q1 25 | $628.3M | $9.6B | ||
| Q4 24 | $594.1M | $9.5B | ||
| Q3 24 | $590.9M | $9.4B | ||
| Q2 24 | $535.2M | $9.6B |
| Q1 26 | — | — | ||
| Q4 25 | 0.39× | — | ||
| Q3 25 | 0.40× | — | ||
| Q2 25 | 0.33× | — | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | 0.30× | — | ||
| Q3 24 | 0.34× | — | ||
| Q2 24 | 0.19× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $23.9M | — |
| Free Cash FlowOCF − Capex | $22.5M | — |
| FCF MarginFCF / Revenue | 20.2% | — |
| Capex IntensityCapex / Revenue | 1.3% | — |
| Cash ConversionOCF / Net Profit | 4.18× | — |
| TTM Free Cash FlowTrailing 4 quarters | $16.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $23.9M | $140.3M | ||
| Q3 25 | $-11.7M | $38.3M | ||
| Q2 25 | $10.5M | $16.3M | ||
| Q1 25 | $1.6M | $27.1M | ||
| Q4 24 | $20.8M | $175.2M | ||
| Q3 24 | $-27.2M | $19.8M | ||
| Q2 24 | $8.3M | $40.1M |
| Q1 26 | — | — | ||
| Q4 25 | $22.5M | $136.3M | ||
| Q3 25 | $-13.5M | $38.0M | ||
| Q2 25 | $8.2M | $15.2M | ||
| Q1 25 | $-1.2M | $25.0M | ||
| Q4 24 | $18.3M | $171.2M | ||
| Q3 24 | $-32.6M | $19.1M | ||
| Q2 24 | $7.5M | $39.4M |
| Q1 26 | — | — | ||
| Q4 25 | 20.2% | 116.5% | ||
| Q3 25 | -12.6% | 32.8% | ||
| Q2 25 | 7.1% | 13.7% | ||
| Q1 25 | -1.0% | 24.3% | ||
| Q4 24 | 15.5% | 163.5% | ||
| Q3 24 | -36.8% | 18.8% | ||
| Q2 24 | 6.4% | 39.7% |
| Q1 26 | — | — | ||
| Q4 25 | 1.3% | 3.4% | ||
| Q3 25 | 1.6% | 0.3% | ||
| Q2 25 | 2.0% | 1.0% | ||
| Q1 25 | 2.5% | 2.0% | ||
| Q4 24 | 2.1% | 3.8% | ||
| Q3 24 | 6.1% | 0.6% | ||
| Q2 24 | 0.7% | 0.7% |
| Q1 26 | — | — | ||
| Q4 25 | 4.18× | 4.06× | ||
| Q3 25 | -72.48× | 1.03× | ||
| Q2 25 | 2.02× | 0.54× | ||
| Q1 25 | 0.46× | 0.96× | ||
| Q4 24 | 4.62× | 5.78× | ||
| Q3 24 | — | 0.65× | ||
| Q2 24 | 5.37× | 1.35× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AVNW
| Products | $81.2M | 73% |
| Services | $30.3M | 27% |
BY
Segment breakdown not available.
